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Is New Market, IN 47965 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

New Market is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list99.6%Sold price ÷ list price
Median days on market35Listing to accepted offer
Median price per sq ft$127▲ +8.0% vs. last year

The New Market housing market right now

In the three months ending August 31, 2026, 0% of homes in New Market, IN 47965 sold above their list price and the typical home went under contract in 35 days. With only 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (14 days then) and the median sale price fell 10% to $166,928. Overall, New Market is less competitive than a year ago, which gives buyers more room.

Within Montgomery County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Linden 47955 (71% sold over asking) and Wingate 47994 (50% sold over asking) are even more competitive.

Run the numbers for 47965

Prefilled for 47965Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47965Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Crawfordsville 47933Seller’s market $137 /sq ftDarlington 47940Seller’s market $157 /sq ftLadoga 47954Seller’s market $140 /sq ftLinden 47955Seller’s market $158 /sq ft Browse all markets →

Where New Market is

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Questions about New Market real estate

How fast do homes sell in New Market?

The typical home went under contract in 35 days in the latest three months.

Do homes in New Market sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.

What are property taxes in New Market?

About 0.65% of a home’s value a year in Montgomery County, or roughly $2,600 on a $400,000 home.

What is the median home price in New Market?

The median sale price was $166,928 in the three months ending August 31, 2026, about $127 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology